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Automotive News Headlines - Yahoo! News

Automotive News Headlines - Yahoo! News
  • Five Things To Know As L.A.'s Petersen Auto Museum Reopens
    What you need to know as L.A.'s Petersen Automotive Museum reopens next month.

  • GM, Ford, Fiat Chrysler labor costs rise in new pacts: study

    The GM logo is seen at the General Motors Lansing Grand River Assembly Plant in Lansing,Hourly labor costs will rise to an average of $60 per auto worker by 2019 if proposed contracts at General Motors Co and Ford Motor Co are ratified by rank-and-file members of the United Auto Workers union, a study released on Friday said. Hourly wages account for slightly less than half of total labor costs for UAW workers, which include healthcare and other benefits. Ford's current labor costs average $57 per hour and GM's average $55 per hour, according to the study by labor analysts Kristin Dziczek of the Center of Automotive Research and Arthur Schwartz, a private consultant.

  • Party's over? After China SUV boom, carmakers face falling prices, sales

    A woman walks past a residential site in ShanghaiBy Jake Spring GUANGZHOU, China (Reuters) - Carmakers coming late to China's craze for sport-utility vehicles (SUVs) this year may find it tougher to make money from a party that's overcrowded and already winding down. Carmakers have chased the rainbow with some 32 new SUV models expected in China for 2015, according to Automotive Foresight, including some being showcased at the Guangzhou auto show that opened on Friday. "The good old days will pass, when you could just launch any model and you could have pretty good sales," said Yale Zhang, head of Shanghai-based consultancy Automotive Foresight.

  • GM to make fuel cell pickup truck for US military

    General Motors will build a hydrogen fuel cell version of its Colorado, pictured on November 20, 2013, for the US ArmyGeneral Motors said Thursday it will build a hydrogen fuel cell version of its Colorado pickup for the US Army, giving soldiers a quiet and fuel-efficient reconnaissance vehicle for tough combat environments. It signed a multi-year contract at the end of September with the army's Tank Automotive Research, Development and Engineering Center (Tardec) to develop and test the truck. Tardec operates a fuel cell research facility close to GM's own fuel cell center near Detroit, Michigan.

  • Renesas ready to spend billions to out-grow NXP-Freescale - CFO

    File photo of a Renesas Electronics Corp's chip at the company's office in TokyoBy Makiko Yamazaki TOKYO (Reuters) - Japanese automotive chip maker Renesas Electronics Corp has earmarked billions of dollars for acquisitions to defend an industry lead under threat from merging peers, its financial chief said on Wednesday. The comment marks a shift in focus for the chipmaker after five years of costly restructuring which culminated in its first net profit since its 2010 inception. It also comes at a time of automakers seeking to add increasingly sophisticated features. Renesas holds 10. ...

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